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>> this week on "q&a" marty sullivan, the chief economist for tax analysts a nonprofit organization that provides news and analysis on state, federal and international tax related issues. host: marty sullivan, i want to introduce you to our audience the same way we were introduced to you in the "washington post" in october of 2013 headline "marty sullivan picked out how the world's biggest companies avoided billions in taxes, here is how he wants to stop them". what did you think of that? guest: it was a quite flattering article. it was great that after all of these years of digging through the data, me and my colleagues at tax analysts, we were getting more recognition. host: here it is. i have it on my lap sunday october 27, 2013. you are in a garage. when did steve pearl p stein get interested in the story? guest: he contacted us in the middle of the story. we had trouble getting together. there was a government shutdown and caused traffic jams and snowstorms and finally we got together for an interview. he came to my garage and we sat there and drank coffee and talked about five
're bringing awe users guide to taxes as 2013 wraps up. we'll be drilling down on all the changes and telling you what you need to know with some concrete strategies. for a look what to do to make sure you don't pay more than you should, i'm joined by dominic sevila, president of personal wealth advisors. dominic, great to have you herek >> thank you. gerri: before we get intou solutions, let's talk very briefly, broadly, big changes coming. people will be surprised. >> people will be shocked. a lot having to do with obamacare. ancillary tax, limit on certain type of deduction. all will hit you hard april 15th next year. most people flying under the radar will be in for a rude awakening. gerri: a lot of people, they're running taxes ahead of time trying to figure out what the bite is going to be, before the end of the year, before with you know what you're facing. what we're hearing more and more people will pay 50% of their income, or more in taxes. that means 1 out of every $2 to the taxman. >> when you start adding new york, a high tax state, it can easily get into that kind oo range. the
to build its dreamliner after tax concessions from the state and concessions from its workers. that's the inside story. ♪ >> hello, i'm ray suarez, for decades boeing in the seattle region have been nearly synonymous. governors have worked hard to make it happy, and elected officials from the state has been supported by them, and the company has maintained it needs more than that to be competitive. when union negotiations got difficult, it showed it would ready to go elsewhere for its labor. what the company got and what it got is symbolic of what it takes in the new world in labor and tax policy or a troubling way to do business? >> tonight our members accepted boeing's proposal. >> reporter: in a deal passed by the slimmest of margins, boeings' machinist accepted a contract to build the boeing 777 x in the region. a cost of living and so thousand dollars signing bonus for current employees. >> tonight washington state secured it's future as aerospace capitol of the world. tonight boeing announced that the carbon fiber wing assembly and the fuselage assembly work will be done in
grabbed power. that turned many into tyrants who indulged into debauchery they raised taxes to pay for more increased regulation. they tried to please them with handouts. >> sound familiar? is this what is happening to america? thousands of us have gathered here to debate that. that's our show tonight. >> and now, john stossel. (cheers) >> tonight i am in las vegas, nevada for a special edition of our show. i would like to say that all of these people came here just for that but they really came for freedom fest the world's biggest gathering of free minds. this year's topic, are we becoming rome? free minds that's the phrase we like to use to describe ourselves. i think our minds are unusually free. right? (cheers) we had to free our mind to get this. on to tonight's topic, rome. is the united states about to fall as roerm dme did. here is a picture of barbarians packing the city. is this our future? first we hear from a conservative and a libertarian. you have the libertarian leanings but historian karl brish shard is an expert on rome and libertarian matt kib bee of freedom works
. they raised taxes to pay for war and increased regulations. when the masses complained, they tried to please them with handouts. sound familiar? is this what is happening to america? 1,000 of us have gathered here to debate that question. that's our show tonight. >> and now john stossel. >>> tonight i'm in las vegas, nevada, for a special edition of our show. i'd like to say that all these people came here just for that, but they really came for freedom fest, the world's biggest gathering of free minds. this year's topic: are we beginning rome? now, free minds, that's the phrase we libertarians like to use to describe ourselves. this is basically a big conference of libertarians and i think our minds are unusually free, right? we had to free our minds to get these concepts. but a lot of people think we're crazy. but on to tonight's' topic, rome, is the united states abouf the fall as rome did? here is a depiction ofstat barbarians sacking the city. is this our future? first we hear from a o conservative,ur historian and a libertarian. the conservative, steve forbes of forbes media. you have
into tyrants who divulged into corruption. they raised taxes to pay for war and increased regulation. when the masses complained, they tried to please them with handouts. sound familiar? is this what's happening to america? well, 1,000 of us have gathered here to debate that twist. and that's our show tonight. >>> and now, john stossel. >> tonight, i'm in las vegas, nevada, for a special edition of our show. i would like to say that all of these people came here just for that, but they really came for freedom fest. the world's biggest gathering of free minds. this year's topic, are we becoming rome? now, free minds, that's the phrase we libertarians like to use to describe ourselves. this is basically a big conference of libertarians. and i think our minds are unusually free, right? we had to free our minds to get these concepts, but a lot of people think we're crazy. on to tonight's topic, rome. is the united states about to fall as rome did? here's a depiction of barbarians ransacking the city. is this our future? first we hear from a conservative, a historian, and a libertarian. the con
>> why? political leader grab power that power turns many into try rants. they raise taxes to pay for war. and increase regulation john: we had to free our minds to get these concepts. but on to tonight's topic. is the united states about to fall as rome did? it is a barbarian city. is thi our future? first we hear from a conservative, a historian, and a libertarian. we have some libertarians leadin this historian, carl richard, and matt kibbe fights the government. matt, are we becoming rome? >> i think that we are. i think that the parallels are quite ominous. the expansion of foreign policy, the arrogance of executive power taking over our country. but i do think we have a chance to stop it. i believe that their similarities with the fall of rome and the republic they are in engagement of political leaders and so on. i see some of that. john: corruption, etc.? >> it is sort of under the table corruption. but it doesn't bother me a much as the over things. for instance, the roman constitution had a to permit limited to one year and people just kept voting for this unconstitution
. wells fargo will serve as the limited partner in tax credit investor and citibank [speaker not understood]. bayview will be 121 plus manager's unit comprising 117 one bedroom units four two-bedroom units. all units will be targeted to households more than 50% of area median income and 23 will be set aside for chronically homeless seniors. these transactions are conduit financing which do not require the city to pledge repayment of the bonds. we anticipate closing the bonds in mid february. the project is slated to begin construction shortly thereafter and complete construction in 2015. here with me today is a representative of the development team, [speaker not understood] freeman with mccormack barrett and salazar. we appreciate your support and that concludes staff's presentation. thank you. >> thank you very much. colleagues, any questions? okay. mr. rose, do we have a budget analyst report for this item? sorry, i don't have my notes in front of me. >> [inaudible] do not have a budget analyst report. there is no fiscal impact on this matter to the city. >> thank you very
yesterday. >> those would see their taxes increase by an average of $973 per year. and that is less than $3 per day. about the cost of a small lot today at your local starbucks. melissa: liberals everywhere are looking to spread the new mayor's message. they want to join bill de blasio and tax the rich and redistribute elwell. sabrina schaeffer says this that could make the economy even worse. let's start with you. why do you think that? >> is funny. it's a new year and i want to try to be optimistic. melissa: good for you. >> but i don't want to be resentful to my neighbors might make more money. i'm tired of the class warfare. i want to see growth for all americans and that is something that seems to be eluding bill de blasio and many other democrats. >> it is definitely eluding our new mayor and it seems like others are embracing it. do you think it is spreading? >> i don't think it is, but the idea has been around forever. whenever things are bad, you are going against the big ceo guy. because nobody can defend that guy. and we would make the income inequality smaller, not by making the
aside tax-free, and it used to be if you did not spend that money before the end of the year, you lose it. the treasury department has changed his will that you can roll over some of the money. a lot of companies are not allowing that for this year. for many, it will start next year. octaves and tend to have a lot of specialties. a lot of people buy glasses at the end of the year so they can use that money. you mentioned, in some cases, it is not just these plans under the affordable care act, but a lot of employer plans andtightening up networks putting hospitals and specialists out of their network. a triple whammy about people trying to fit things in at the end of the year. >> the story speaks to something the caller alluded to, which is the affordable care act is a huge law. it is making major changes to the health-care system. for some people, the changes will be positive and for some people, the health plan will be more expensive or the network may be smaller. mind whento keep in reading headlines and thinking about the news about the affordable care act is that, like anything th
of these historic properties in exchange, the property owner receives a tax abatement. the contract is a 10-year contract and it can be renewed over time. in san francisco, we have had very, very few mills act contracts and almost none in terms of smaller properties because that process was so cumbersome and expensive and unpredictable and so forth. so, last year i authored legislation that this board passed unanimously to streamline our mills act contract process to set clear timetables with the planning department and with the assessor's office and to make it easier process for people to participate in. we passed that earlier this year. so, we now have what i believe is our first grouping of smaller properties coming forward with mills act contracts as part of our annual mills act process that the legislation created. there are and i'm very excited to see this, seven of the contracts are in the newly created historic district immediately north of duboce park by this board unanimously created earlier this year. one is in the liberty hill historic district which is in my district, two are in sup
but the raft of new obamacare taxes about to kick in are entirely real. you may not know much about them, but after tonight you will. thanks to our guest, grover norquist, who will run it down for us. and how can you ask the richest people in america for donations for the church while the pope is criticizing the very capitalist practices that created the wealth in the first place? new york's cardinal timothy dolan about to tell us in an exclusive cnbc interview. all those stories and much more coming up in "the kudlow report," beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." it's a pleasure to be back after the christmas vacation. we are live here at 7:00 p.m. eastern and 4:00 p.m. pacific. obamacare coverage begins in just two days according to hoyle. now about 2 million people have enrolled in the plans, half from the federal and half from the states. but the question to ask is how many are actually enrolled and how many have actually paid? only about 75,000 apparently has paid. and that's a long way from the administration's goal of 7 mil
francisco tour impdirect and collection of distribution of fees by the office of the treasurer and tax collector and item seven is resolution for moscone expansion district management district plan and transfer fees by office of the treasurer and tax collector. agreement with the nonprofit owners association for administration and management. >> okay. thank you. lisa here from oewd. >> good morning supervisor farrell and supervisor mar. this is a resolution approving amendment to the san francisco tourism improvement district management district plan. this resolution is going to require monthly instead of quarterly assessment collection and distribution of funds by the office of the treasurer and tax collector. greg coto is here to speak more to this but the board of supervisors has adopted ordinance 203-13 that amends article six of the san francisco regulation code to authorize the office of the treasurer and tax collector of the city and county of san francisco to collect the city's transient tax on a monthly rather quarterly basis beginning effective january 1, 2014 so this re
on legislation out of this report that will help tax distributors of sugary drinks and allocate dedicated revenues to ensure the proceeds the revenues go to fight heart disease and liver damage. the purpose is to determine the cost of sugar drinks and by analyst and we have many community coalition folks and people from esteemed educational institutions. rates are increasing citywide. some rates in health and obesity are hitting pretty hard and especially some parts special in the in the southeast. from 2003-2005. the san francisco adults among the latino from 14 percent to 27 percent, african americans from 28.5 percent to 32.4 percent. this is especially important for the african american and latino communities. it's been a great pleasure to work with amanda and other staff have been great to work with as well in coming up with this report. also christina gupta, a senior health planner has been a great advisor on this issue as well and roberto vargas from the university of san francisco health policy program and dr. laura smith who is a professor of health policy at ucsf who have been
getting an unexpected tax bill. why you may owe california more money. ,, ,,,,,,,,,, london welcomed 20-14 with something more than just a visual spectacle. the sky filled with colors, sounds d sweet smells. that's right! the >>> london welcomed 2014 with something more than a visual spectacle. the sky filled with colors, sounds and sweet smells. that's right. there were smells from floating orange bubbles, peach snow and banana confetti. >> 3, 2, 1! happy new year! >> tens of thousands of people in hong kong celebrating the new year watching fireworks over landmarks victoria harbor fired from the tops of 7 skyscrapers along hong kong island. >> 3, 2, 1! happy new year! >> and sydney, australia, lit up the first moments of 2014 with more than 7 tons of fireworks. folks down under celebrated with a 12-minute light and musical spectacle. >>> we are less than 4 hours until 2014 on the east coast. >> let's go to the big apple. live look at times square. more than a million people braving frigid temperatures to watch the ball drop at midnight. live music on stage right now. cbs reporter wen
. >> thank you. >>> straight ahead, wounded veterans, what do they get? well, smacked with a giant tax bill. so what do you think about that? well, their story is coming up. >>> but first, i'm going to talk to you off the record about a very touchy subject. that's next after the break. huma. even when weross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. >>> all right. let's all go off the record for a minute. and first let me say loudly and clearly, r
front that has been going on for yarns but the source of all of our problems there is a tax code if i could give you a tax break and not give it to the blue suit company give you the competitive advantage in the field that you don't have now you pay be back with the donee -- campaign donation you realize that ripple effect will supply data on thousands over decades? they think about how many value misjudgments because i could give you a tax break? it is no small item. why do you think go left fight so viciously because the flat tax? no. they fight so badly because there is no power. if everything is you pay 15% it doesn't matter everything is yes now i have power. that is the best thing i could never do for you. to leave the job much more power less when i come in. it is to be representative government. that was the idea >> we have a few copies of the author's book here today "life inside the bubble" and available readily at the amazon in bookstores we appreciate your attendance and we will continue the conversation after we adjourned. thank you. [applause] we would like to hear from
apply ceilings and varnish can help and we know that taxes are extremely effective. they all work together. if supervisors can identify funding streams from the tax then we can add more fluoride varnishing. is that bell for me? >> if you can wrap up. >> sugary consumption is detrimental to all ages. i have this map of areas of oral health decay. >> we have brian from the neighborhood tndc and today davis from parent pack and other groups and a few others that i have mentioned we are going to close public comment in a moment. >> thank you, my name is margaret fisher with the department of public health. i came this morning in my scrubs because i came directly from a screening of our preschoolers in our state subjectssidized preschools. many children have experienced decay. some low income families are especially susceptible. so 39 percent of our state is subsidized children of preschool already have decay. soda consumption nearly doubles the risk and increases likelihood in adults. the cost of sugar based drinks, the cost of sugar and dental decay is a cost. the cost for 3-year-
to cut the budget. they didn't just cut the tax rate. they cut the budget. this is different from our modern supply-siders who put the tax rate. coolidge always -- you will see a photo of two lion cubs he had. he said you cannot just cut taxes. you have to cut budget. those line cups were named budget bureau and tax reduction. >> part of our conversation with shlaes. it is more from our first lady series later tonight with a focus on rosalynn carter. that is tonight starting at 9:00 eastern here on c-span. is interesting to talk about how the republican party is less unified than the democratic party only think about the historical and is vanishing time to be steadiness this. for the first time we are seeing a republican party that is .truggling they were tinkering with the reform process every four years. >> the interplay of what happened all really matter, more than the underlying scandal itself when it comes to these comebacks. >> and especially if you're running in a context in which you can present yourself as an abused group, part of an abuse group. you can play that quite well.
state book. we look at the 11 states producing the income tax over the last 50-plus years. we looked at the highest tax rate rates states and right to work, all of those pertaining to economic metrics, population growth, and the provision of public services, and the story is clear. every single time those states that have the lowest tax rate, those states that don't introduce an income tax, those states that are right-to-work, they perform a lot better in every single measure. >> and yet, art, how do you explain that voters are for the most part responsible for these 40,000 laws. why do we heat big government but -- hate big government but keep making it bigger? >> i don't know but these people are not held responsible for their own actions, politicians. my view is you should put these guys on commission. if the state does badly, they don't get paid. if the state does well, they get paid handsomely. i don't mind politicians making money as long others we do, too. they should be paid on an incentive base. >> we into should all be paid on commission. >> exactly. >> have a great new yea
the solution to our nation's budgetary problems was, cutting taxes for the wealthy, and cutting spending. and we watched that movie before and we saw the ending and didn't like it. and barack obama and democrats in congresses past, take a balanced approach to deficit reduction. make some difficult choices in spending reductions but don't cut the heart out of our future likesp education and health care research that really would make us less competitive and also make sure that you ask people who can afford to pay a little bit more by closing tax look holes that people really have no benefit problem. ending tax cuts which we did in january with when we allowed people who make less than $450,000 ah year for their tax cuts to continue who made more for those tax cuts to expire. so we made some progress. we have to make more. i'm, i will tell you that i think it is going to take another election for to us make sure that we reduce the influence of those, stranglehold that those tea partiers have on the two pathways and our ability to actually travel down the path that voters chose last year w
veterans. they get smacked with a giant tax bill. what do you think about that? d? well, their story is coming up. >>> but first, i'm going to talk to you off the record about a very touchy subjec and ah, so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, all with the ah, tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that one. geico anywhere anytime. just a tap away on the geico app. >>> all right. let's all go off the record for a minute. and first let me say loudly and clearly, racism is real. it's hateful, horrible, cruel, and exists. it's real. but let me likewise say loudly and clearly, not every slight is racism, and people who wrongfully shout racism for every ill do an enormous disservice for all americans. especially those who are the recipients of real racism. now take a look at just the last few days, msnbc anchor melissa harris-perry joking a
sought in the republican party in the 2012 election. if you could get $10 of spending cuts for tax increases, which of you republican candidates would agree to that? not a single hand went up. there is an ideology within the republican party, tea party movement that says you will not raise taxes under any conditions, regardless. i think that is not a conservative way to approach things. there is nothing set in stone about where the tax rates are right now. it depends on circumstances. it depends on what you get in return. any conservative would take that in a moment. this is an ideological rigidity that is taking place. i suspect that person probably shares it. host: one more quote from your essay before we go to calls. a truly conservative response to the advance of the liberal or progressive ideology would not involve the adoption of an opposite and equally narrow ideology. guest: it is an interesting thing. of liberalism and isservatism -- conservatism a negation of ideology. wary of abstractions and of imposing per the polls regardless of circumstances. ofprinciples regardless
worrying about the united states and not everybody else. he shouldn't be worried about taxing us to death and reducing military benefits. ist i think you should do worry about how to get our economy back on track. he takes a trip and comes back get his wife wants to stay an extra couple of days. that means we as taxpayers have to now pay for two trips for them to come back home. in my mind, that is not common sense thinking. iraq isr troops over to not common sense thinking either. producing more jobs, that is common sense thinking. host: a couple more comments from twitter this morning. the can always tweak at is. floridaort lauderdale, caller: on the line for republicans. .aller:good morning i think we have been fighting the wrong war in the middle east. posted a bulletin economics, why have we not been fighting the world thought? do these people even know themselves what they're fighting over? educatedr myself an intelligent person. withnot verbalize to you all of the information that should be out about these people , why are they fighting? i've heard things that the haves and shiites
to innovation. opento ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... e're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. >> now it's possible that the big storm from chicago to new york to boston has affecting the trading volume and maybe even a little pricing on the exchanges, but we do have a modest bounce for the dow, back up 48. right around 16-5. where is the price of gold this morning? we're up four bucks, struggling back to 1,229 an ounce. the price of oil took a huge hit the other day, down a little bit today. $95 a barrel. two major internet security breaches made news this week. hackers exposed the users names and phone numbers of millions of snap chat users. and the so-called syrian electronic army a hacker group supposedly with ties to the assad regime claims to have attacked microsoft's video chat service skype. with that news, can you
aliens of assets. brian jacobson coming up in just a moment. and congress letting more than 50 tax breaks expire, millions affected. we will tell you what, if anything, lawmakers can do about it when they come back from their holiday recess, which they have gone on forever. maybe it could just stay a holiday. welcome back. how ieverything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. cheryl: the power mover of the hour, you can argue this is a power mover of the year. this is netflix. it was substantially higher earlier this session, it took a turn to the downside to don't let that upset you because this company announced the ceo will get a big pay raise for 2014. getting a 50% bump in pay. receiving 2 million celery and 2 million in stock options in 2013. now he will get 3 m
cancer hospital. you can't do that on most of these plans. >> the big guys won't pay the tax on the insurance. >> exactly. >> the point the doctor was making, mackenzie estimated a third of their clients would drop coverage even the congressional budget office making a low ball estimate said that 7 or 8 million additional people will lose coverage when their employers turn against it. only in washington would they create an employer mandate that reduces the likelihood you will have coverage. >> i get that. >> larry, let me address the question you asked. the question you asked what's wrong with obama saying all right they will get coverage through us. what's wrong with it is what betsy said. what's wrong with it is that these programs are awful. the platforms are way too narrow in terms of the providers and who is getting coverage and all that. think of the cancer patient who is getting cancer care at a reasonably good hospital. they are now not going able to get cancer treatment. what i find disconcerting is the lack of empathy from anybody in this administration talking abo
a tax write-off. >> missed it but what an entrance. meet the bay area baby who made her bay area debut two seconds into 2014. ,, ,,,, my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of
something bad, change its name. redistribution called fairness. tax is revenue. carter can then become obama and regifted as de blasio. reinvendting failure by disguising disaster. i call it change surgery. now crews celebrating over the big apple in new york city. there a magnet for business, an amazing feat. what do we hear this inauguration day? the chaplain calling the city a plantation while hillary looks on smiling. we remember the dead city, test subjects that died in left wing labs. we let another dr. frankenstein get his hands on our healthy patients. they'll call this progress and move on to another victim. >> well happen -- well happy new year. >> i was gone a week. >> did you watch the inauguration? >> yes. >> bob did a great job with you and had to walk home at 5:00 a.m. because there was nobody to pick you up. couldn't get a cab. >> it cost $4 a minute. >> that's what happens when de blasio took over. >> first guy heard is you, the rich. >> wasn't it nypd cop that recognized you? >> police were helpful. kimberly did a terrific job. it was complicated. believe me when i tell you
for insurance on the individual market. it is possible that family is receiving a tax credit to make the coverage more affordable. in the state of new jersey we havei'm living proof of how well obamacare works. seen people reporting positive experiences. it is important for viewers to remember that this law affects every american in a completely different way. one of the reasons the narrative has been so negative is that any agative story is going to be rebuttal, they will talk about it as if it is an attack on the law. whoe are people like henry are happy with it. >> west virginia, george is on the line for democrats. s forod morning, and thank c-span. i don't think this young lady is telling the real truth about obama care because i don't think she belongs in it. do you belong in obamacare? do you have obama care? >> i have employer-based insurance, but i know a lot about obama care. do you have a question? to westhould come virginia and see how many people try to get care in they cannot even get a telephone call to go itthrough. that, you're not going to get the 7 million people p
and the minimum wage. i save aby abolish the corporat income tax totally. everyone would benefit. and an activist may finally be gunning for democrats instead of challenging their own in primaries. liz cheney pulling out of the senate race and governor walker says stay on those tracks and focus on the dems. "the kudlow report" starts now. good evening, i'm larry kudlow. we are live here at 7:00 p.m. eastern, 4:00 p.m. pacific. we begin with the breaking news, janet yellen officially confirmed as chair of the federal reserve. eamon javers joins us with all the details. good evening. >> reporter: in the end the vote was 56-26 to confirm janet yellen as chair of the federal reserve, the first woman to hold that title and by some accounts, as of tonight, the most powerful woman in the world. larry, 56-26 is a bit of an unusual vote total in the united states senate. you might notice it doesn't quite add up to 100 senators. they had a little difficulty with all the travel troubles getting senators in washington in time for the vote. 26 no votes for janet yellen, a few short of the no votes for ben ber
officials and tax cheats of all kinds. it's a world u.s. law enforcement has rarely been able to penetrate. so the idea the ubs, one of switzerland's largest banks, would agree to turn over information on thousands of american tax cheats would have once been unthinkable. but it happened in part because of a whistle-blower who i sat down with in 2010. for his efforts he's been rewarded with a federal prison term and the possibility of endless riches. though he was born and raised in the boston area, bradley birkenfeld spent most of the last decade living in switzerland, helping wealthy americans hide their money. he was based in geneva, where he says there may be more money-counting machines than parking meters, in a country that once bragged it had more banks than dentists. >> it's not swiss money in those banks. it's foreigners'. you have a culture there that has been ingrained in society about managing people's money, protected by swiss bank secrecy. >> and who has a right to that information under swiss law? >> only the banker and the bank itself. >> how unusual is it for a swiss banker
depressed him and other candidates to sign no tax pledges and how he always, always spoke up about his mistrust of government and was a passionate defender of the freedom. and wichita he was a good citizen, bob said. and i think of something we need to take away. in wichita, the name garvey is brandished on buildings, athletic facilities and a host of educational facilities and programs. willard garvey to the service above self model too hard and whether you agreed or disagreed with him, i think there's a lesson in there all for us. take you for your opportunities become and thank you for the interest in this book. [applause] >> don't waive those fingers. does anybody have any questions backs don't waive those fingers at me. [laughter] no questions? spent i think he did an excellent job. >> thank you. [applause] >> there's a question here, maura. >> my question was, what was the best story you didn't print? [inaudible] spent i don't know. the best story i didn't print. i think i got the good ones in there. i think i got it done. sorry. that's a good question though. anyone else? [inaud
. >> this week on "q&a" marty sullivan, the chief economist for tax analysts a nonprofit organization that provides news and analysis on state, federal and international tax related issues. host: marty sullivan, i want to introduce you to our audience the same way we were introduced to you in the "washington post" in october of 2013 headline "marty sullivan picked out how the world's biggest companies avoided billions in taxes, here is how he wants to stop them". what did you think of that? guest: it was a quite flattering article. it was great that after all of these years of digging through the data, me and my colleagues at tax analysts, we were getting more recognition. host: here it is. i have it on my lap sunday
's put together lowering corporate tax -- tax rates, together with infrastructure. that's the type of grand bargain on jobs that we will also have to do, 'cause you're right, in the ends of the day, we have got to create the demand and the job growth out there that gives these people who are desperately looking for work now a job to get. >> the president has talked about this corporate tax reform coupled with some infrastructure/job creating kind of plans. >> yes. >> the problem is that he has been unable to get it before. now, his poll ratings are lower than they've ever been. what makes you think he can get it this year? >> well, look, we are building off some bipartisan cooperation in the budget agreement. and i think one of their -- the real issues for 2014 is we have more momentum in the economy, unquestionably, in terms of growth, in terms of job creation. are we going to build on that momentum? there is bipartisan possibilities to pass, immigration graigs reform, housing finance, manufacturing. and yes, this idea of a grand bargain on jobs is designed to bring people togethe
constitutional court have given the green light to attacks rotted -- to a tax rise. tax hike the only facing france. 2014 will start with higher taxes on a whole bunch of products and services. it has gotten harsh criticism. hotel stays and consumer goods set to become more expensive from january 1 as new added taxes kick in. one sector especially apprehensive is the construction injury. the cost of renovating this paris flat, for many small entrepreneurs the fear is they will be undercut by rivals who don't officially declare their activity and so can offer lower prices. i can't compete with that. it is sure to hurt my turnover. >> is part of the intermediate which will rise to 10%. that will hit hotels and restaurants. the owner of this parisian ment has already seen a drop-off in customers. if we have to raise the prices even further, we will have even less working with currently do. >> shoppers in retail stores will feel the impact with the tax rate rising to 20%. so-called essential products, food and energy will be spared, but vat stays at five percent. the goal is to raise up as of 6
's not. he's an employee of the owners. very well paid. $30 million a year. nfl headquarters is tax exempt and it pays roger goodell $30 million a year. host: how did that happen? guest: that 1966 piece of legislation that granted the anti-trust waiver, also a classic example of the lobbyists art. it. snuck the phrase into when congress voted on that bill in 19 6 they essentially said philanthropies, opera houses and professional football leagues are exempt from federal taxes. the individual clubs we assume pay corporate income taxes but since they don't disclose anything we don't actually know that host: $30 million a year. how does he earn that money? guest: people have said that goodell is worth that because the free market has shown that the nfl is success. it certainly is successful. the league rolls in money, almost $10 billion in revenue is expected this year. it's not a free narcotic. the stadiums are built largely or entirely of public expense. it's not a free market at all. why does he pay himself $30 million? because he can get away with it, wambingly. i think that's the
to tax mayor juan pennsylvania legally the way they do in colorado, the way we do with tobacco and alcohol it will raise $8 billion in tax revenue if the 5080s were to follow colorado's lead. bill: kind of like amer dam out there. if you live there you buy more. if you are a visitor, you buy less. a fugitive wanted for bank fraud was declared legally dead. but it turns out he's have much alive. you will not believe how police caught this man. patti ann: knee the northeast bracing for heavy snow, strong wind and vicious withs. a vicious storm heading their way. >> i was getting ready to go to my grandma's house but i think i'm going to go home now. i do a lot oresearch on angie's list before i do any projects on my home. i love my contractor, and i am so thankful to angie's list for bringing us together. find out why more than two million members count on angie's list. angie's list -- reviews you can trust. at any minute... ...you could be a victim of fraud. most people don't even know it. fraud could mean lower credit scores... ...and higher interest rates when you apply for a
their employers. that is really the issue here. those individuals currently are getting taxed advantages through their employer. when they lose their coverage, now they have to attain it through an exchange. exactly what members of congress said. here's the special treatment. only members of congress and their staff, when they lose their sponsored care, will have the ability to have their employers make a tax advantage contribution. that is special treatment. that is completely unfair. completely unjust. that is what i am trying to overturn with this particular ruling. look at that legislative history, you'll notice that the senate -- when this law was before them, they had three opportunities to actually allow an employer contribution. when harry reid first filed the law, there were all kinds of committee activities. that allows for a contribution. that was included in the committee work. he chose not to include it in his law. offered amendments that would specifically allow an employer contribution. the last time, on march 24, 2010, that amendment was put to a vote and defeated. the vote was 4
taxes put into place but nothing significant yet has passed. internationally probably many ofu been reading about the recent effort in mexico which to date has been successful. that is a tax on soda at $0.08 per liter in addition to a 5 percent sales tax on other junk food. we will be watching that progress. in terms of the united states, to state to date it has not been successful in this regard. that's the end of our report. we'll be happy to answer any questions. >> any questions? thank you. the next speaker is robert vargas with ucfs with the policy program. they have advised on the health impacts and he's here to respond to the report. >> good morning. thanks for having the budget and legislative office prepare this report. we are happy to be a part of gathering this data and helping it to be more accessible to the rest of the folks in the city. we really think it's important that folks are wear of the health impacts of this particular product. we are also very interested in partnering with the city and the university to inform policy decisions and public health approaches an
to be a socialist you are worth $100 billion. john: you said that? to george clooney. >> he says raise taxes. >> to drive a toyota petraeus to the ms -- jemmies but they have a private airplane and i wish i had a private airplane. >> many advocate to raise taxes but well-connected celebrities are quick to use your tax dodges. >> owning acres of land in new jersey but pays only $100 of state property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. john: one final example some
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